#EURJPY @ 141.737 climbs further and retakes the 142.00 mark. (Pivot Orderbook analysis)

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• EUR/JPY climbs further and retakes the 142.00 mark.
• Further gains could see the resistance area around 143.00 revisited.

The pair currently trades last at 141.737.

The previous day high was 141.2 while the previous day low was 138.91. The daily 38.2% Fib levels comes at 140.32, expected to provide support. Similarly, the daily 61.8% fib level is at 139.78, expected to provide support.

EUR/JPY adds to Friday’s strong bounce and leaves behind the key 142.00 hurdle at the beginning of the week.

A sustainable breakout of the 200-day SMA, today at 140.76, should shift the outlook to a more constructive one and open the door to a probable visit to the key resistance area near 143.00 in the short-term horizon (high December 28, January 11).

On the downside, there is an initial contention around the 138.00 zone for the time being.

Technical Levels: Supports and Resistances

EURJPY currently trading at 141.69 at the time of writing. Pair opened at 140.68 and is trading with a change of 0.72 % .

The pair is trading above its 20 Daily moving average @ 140.43, below its 50 Daily moving average @ 142.44 , below its 100 Daily moving average @ 143.14 and above its 200 Daily moving average @ 140.78

The previous day high was 141.2 while the previous day low was 138.91. The daily 38.2% Fib levels comes at 140.32, expected to provide support. Similarly, the daily 61.8% fib level is at 139.78, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 139.33, 137.97, 137.04
• Pivot resistance is noted at 141.62, 142.56, 143.91

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